Stock Market Update

[BRIEFING.COM] Another sluggish start from the technology sector (flat) keeps the Nasdaq Composite (unch) near its flatline, while the DJIA (+0.5%) and the S&P 500 (+0.3%) are little changed from their opening advances.

Though NVIDIA (NVDA 168.86, +1.83, +1.1%) is off to a good start, the technology sector is nursing losses in its next three largest components: Microsoft (MSFT 502.03, -3.24, -0.6%), Apple (AAPL 213.06, -1.34, -0.6%), and Broadcom (AVGO 276.48, -2.12, -0.8%).

Chipmakers are once again facing pressure after Texas Instruments (TXN 190.20, -24.72, -11.5%) beat Q2 EPS expectations, but management spoke in a more cautious tone on the earnings call last night. 

The PHLX Semiconductor Index is down 0.8% today, with a current week-to-date loss of 2.5%.